KPN had been planning a payout for 2013 of at least 0.35 euro. Traders and analysts have previously expressed concern about the ability of KPN to pay dividends given it has a debt to core profit ratio exceeding its own targets.
KPN shares, which hit a 10-year low of 3.90 euros in November, briefly touched that level again on Monday. It was the most traded stock on the FTSEurofirst 300 index relative to its 90-day daily average, at 2 1-2 times its average compared with 15 percent for the index as a whole.
Incumbents KPN, Vodafone and Deutsche Telekom, and new entrant Tele2 won licenses at the 4G auction, which raised a surprisingly high amount of 3.8 billion euros for Dutch state coffers.
Separately on Monday, KPN said it has sold its Spanish operations to France Telecom as it seeks to sell off non-core assets and keep its debt under control.
It did not disclose the financial terms of the sale.
(Reporting by Sara Webb; Editing by Erica Billingham)
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